Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled miner eyes expansion beyond coal and to secure overseas mineral assets. The Ghana interest is part of a wider plan to establish Coal India’s first overseas trading office in...
Volta Aluminium Company Limited (VALCO) plans to move further into Ghana’s aluminium value chain with a new continuous casting and rolling mill that will produce aluminium rods for electrical cable manufacturers. The company has already supplied test samples to Nexans Kablemetal and Reroy Cables,...
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The Ghana Integrated Aluminum Development Corporation (GIADEC) took charge for Volta Aluminium Company’s (VALCO) recovery plan within 5 years. The plan incorporates the modernization of the aluminium smelter, which will take between three to five years and it will be done in two phases. This is to...
Michael Ernest Ansah, CEO, Ghana Integrated Aluminium Development Corporation (GIADEC) said: “Government intends involving a substantial percentage of Ghanaian companies in the execution of projects under the Sinohydro deal.” However, there have been concerns that the majority of Sinohydro projects...
The global bauxite production for 2020 has been predicted to shrink by 0.1%, to 344 mt, as per the UK headquartered data analytics and consulting company GlobalData, production is hardly affected by the interim halt of mines due to COVID-19 epidemic. GlobalData stated that the production in...
Natia Turnava, Minister of Economy and Sustainable Development of Georgia, officially opened a Koc Kablo’s new enterprise of aluminium and copper wires in Tbilisi. Over 100 people have been employed and 15 million GEL has been invested in the enterprise established by the Turkish company Koç Kablo...
Edward Boateng, Ghana’s Ambassador to China, has assured that due process is being followed by the Ghana Integrated Aluminium Development Corporation, GIADEC, to ensure that Ghana benefits sufficiently from the expected bauxite mining. Government’s plan to mine bauxite in the Atewa Forest Reserve,...
The Ghana Integrated Aluminum Development Corporation (GIADEC) has delivered an extra mileage to the fight against COVID-19 by donating hygiene items to people of Kyebi and surrounding communities of the East Akim Municipal District in the Eastern Region. The items are quantities of veronica...
Dr Ernest Addison, Governor of the Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) of Parliament that the central bank does not hide information about proceeds accrued from the exportation of minerals including bauxite. Mr James Klutse Avedzi, the Chairman of PAC, raised the issue...
The Tamale interchange project funded under a barter arrangement between the governments of Ghana and China’s Sinohydro ltd is one of the multi-priority infrastructural projects worth $2 billion in exchange for Ghana’s refined bauxite. The project which is expected to be completed within 24 months...
Ukraine decreased the import of aluminium ore and concentrate (bauxite) by 9% in January-May’20 compared to the same period in 2019, to 1.945 million tonnes. According to statistics released by the State Customs Service, bauxite imports in monetary terms decreased by 8.2%, to $85.069 million during...
Ghana Center for Democratic Development (CDD-Ghana) declared that: “outbreak of COVID- 19 is currently hitting Ghana’s economy as there are indications that aspects of the Sinohydro deal will be delayed.” CDD-Ghana has raised concerns regarding the need for the government to initiate socio-economic...
Yofi Grant, the CEO of the Ghana Investment Promotion Centre (GIPC) said: “the government’s flagship programme One District One Factory (1D1F) presents unlimited opportunities for both internal and external investors to thrive.” Yofi Grant’s communicated that the 1D1F drive incorporated with other...
The Vice-President of Ghana, Mahamadu Bawumia stated: “The African Development Bank’s (AfDB) support for Ghana has boosted its government’s efforts to consolidate the economy”. Bawumia, during the welcome session of a team executive directors and senior officials of the African Development Bank on...
Kwasi Amoako-Atta, The Minister of Roads and Highways, Ghana, announced that the epidemic of the deadly Coronavirus in China has pertained a blow to the multibillion-dollar bauxite-for-infrastructure deal. The Chinese Government would allot out US$2 billion to bankroll a lot of infrastructural...
The President of Ghana H.E. Akufo-Addo announced that by the end of 2020, Ghana Integrated Aluminium Development Corporation (GIADEC) would decide to enter a joint venture partnership with investors for exploration of Ghana’s bauxite reserves. During the 2020 State of the Nation Address in...
Ghana’s debt will rise predominantly due to an annual assumption of 2% of GDP in the form of contingent liabilities. The disbursals under the $2 billion financing deal with Sinohydro, an infrastructure financing deal that has been an ancillary by country’s yet-to-be-mined and refined bauxite...
The Atewa enclave Chiefs and elders have separated themselves from the protest organized by members of the Concerned Citizens of the Atewa Landscape to stop government plans to mine bauxite in the Atewa forest reserve. On 21 st January’20, the protest members commenced the march from Sagyimase to...
The multi-billion-dollar Ghana’s deal with China’s Sinohydro has been praised internationally as a model that the rest of Africa should adapt, to lessen the financial woes of their economies. The deal is considered as a game-changing deal, sealed by the President of Ghana, Nana Akufo Addo in 2018...
Aluworks Limited, an aluminium continuous casting and cold rolling mill located at Ghana, has reportedly urged the government to stop aluminium imports of inferior country, in a bid to protect the local aluminium industry. The Managing Director of the company Kwasi Okoh said the government must...
